Large business interruption scheme

The Coronavirus Large Business Interruption Loan Scheme (CLBILS) supports large businesses, with an annual turnover of over £45 million.

All viable businesses with turnover of more than £45 million per year can apply for up to £25 million of finance. Firms with a turnover of more than £250 million can apply for up to £50 million of finance.

The scheme is available through a series of accredited lenders, which are listed on the British Business Bank website. The government provides lenders with an 80% guarantee on individual loans. 

This scheme allows lenders to support businesses that were viable before the coronavirus outbreak but now face significant cash flow difficulties that would otherwise make their business unviable in the short term.

Eligibility

You’re eligible if:

  • your business is based in the UK

  • your business has an annual turnover of over £45 million

  • you can self-certify that your business has been adversely impacted by coronavirus

  • your business has not received a facility under the Bank of England’s COVID-19 Corporate Financing Facility

 

You must also have a borrowing proposal which the lender:

  • would consider viable, if not for the coronavirus pandemic

  • believes will enable you to trade out of any short-term to medium-term difficulty

Members of the ICAEW

Certified Partner of Receipt Bank

EBS Accountants Ltd is registered in England & Wales.
Registered company number: 3748728
Registered office address:

Mayden House, Long Bennington Business Park,

Main Road, Long Bennington, NG23 5DJ

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